Los Angeles International Airport reported a 5.4% increase in passenger levels during the first half of 2011, nearly double what officials had been projecting.

The increased traffic and its resultant impact on revenues bode well for expectations for a new bond issuance between $200 million to $300 million planned for early to mid-2012, said Ryan Yakubik, director of capital development and budget for Los Angeles World Airports, the Los Angeles city enterprise that owns and operates LAX.

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